KapitBisig.com Philippines

BANGKOK, Sept. 7 (Reuters) – From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.

The country's real-estate stocks have been on the boil with the index of property stocks up 28 percent in the last three months and many listed companies have raised profit forecasts, confident of capitalizing on what they say is insatiable local demand.

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The policeman brother of hostage taker Rolando Mendoza was so fearful for his life that he had to resort to creating a scene to call the attention of the mass media.

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Ombudsman Merceditas Gutierrez has affirmed her decision dismissing from the service for grave misconduct former police senior inspector Rolando Mendoza, who was killed along with eight Hong Kong tourists whom he had taken hostage last Aug. 23.

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